Exit Planning
Why is Exit Planning Project Management Valuable?
Did you know that only 1 in 4 businesses put up for sale will ever be sold?
Business owners should be prepared now for the day they sell and exit their business. It makes no difference whether the plan is to sell the business in 3-5 years or 10 or more years. Proper planning and preparation today can have an enormous impact on the attractiveness of a business and the ultimate pay-out from a sale. It's also good contingency planning in case of unforeseen circumstances or accident.
With the baby-boomer generation entering retirement age, many businesses will be put up for sale. How many? Research indicates that as many as twelve million (yes, 12,000,000) businesses - representing some $10 trillion in market value - could change hands in the next decade. However, based on past data, as many as 3 out of 4 businesses put up for sale will never be sold. (See data on US business sales)
Are you ready to sell and exit your business? Have you asked and answered the wide range of business, personal, financial, tax and legal questions involved in selling and exiting from your business? Is your business in the best possible condition to attract qualified buyers? (Read January 8, 2008 article from the Wall Street Journal)
However unappealing the thought, our personal, financial, health, business, economic and professional circumstances can change at any time. It is wise estate and contingency planning by having a current exit plan in place for any potential contingency.
Endorphin Exit Planning & Preparation for Businessowners
As a result of deep experience and long-term collaboration with the investment banking industry, we have developed a refined, streamlined process to prepare businesses for sale.
Learn more about our extensive experience and advisory services for business owners